Reinsurance News
Plover, the tech-enabled commercial insurance broker, has launched a new specialty brokerage designed to help brokers secure climate and emerging risk solutions. The company, which was founded in 2022, has also secured over $5 million in venture c...
Posted: May 01, 2024
Compre, an international legacy group, has announced the appointment of Rebecca Love to the position of Reinsurance Director. With 25 years of experience in the insurance and reinsurance industry, Love brings a wealth of expertise to her new role....
Posted: May 01, 2024
Bermuda-domiciled SiriusPoint Ltd., a global specialty re/insurer, has reported Q1 2024 net income of $90.8 million, with core income of $62.4 million, which includes underwriting income of $44.3 million and a combined ratio of 91.4%. The core com...
Posted: May 01, 2024
Bermudian RenaissanceRe Holdings Ltd. (RenRe) has reported underwriting income of $541 million with a combined ratio of 77.9% in its first quarter 2024 results, as the reinsurer’s premiums swelled as a result of the renewal of business acqui...
Posted: May 01, 2024
BPL has appointed industry veteran Lizzie Thomas as Director to strengthen its broking teams in Europe and the US. In her new role, Thomas will report to James Reynolds, Deputy CEO at BPL, and will collaborate with the company’s major financ...
Posted: May 01, 2024
A wholly owned subsidiary of legacy specialist Enstar Group has agreed a $400 million loss portfolio transfer (LPT) with a subsidiary of Bermuda-based re/insurer SiriusPoint to reinsure a portfolio of Workers’ Compensation business covering underw...
Posted: May 01, 2024
DUAL Australia is launching a new business line in the Asia Pacific region through its specialised title insurance team, DUAL Asset. Leading this initiative is Chris Hammond, Head of Asia Pacific for DUAL Asset. The focus areas include real estate...
Posted: May 01, 2024
Insurer AF Group has appointed Kriss Barronton, formerly of USAA, as its new Chief Operating Officer (COO). In the new role, Barronton’s remit will include leading several key teams including business transformation, loss control, premium au...
Posted: May 01, 2024
Factor Risk Management (FRM), an independent global advisor and broker of litigation finance and after-the-event legal expenses insurance, has launched its M&A and Transactional Risks division, to be led by James Wilson. Camila Carvalho joins...
Posted: Apr 30, 2024
Jim Williamson, Executive Vice President and Group Chief Operating Officer (COO) of insurer and reinsurer Everest has been elected as the Chair of the Reinsurance Association of America (RAA). Williamson was elected Chair at the association’...
Posted: Apr 30, 2024
McGill and Partners has appointed Jack Price-Draper as Partner in its Financial Lines team. Price-Draper joined McGill and Partners in 2020 as an Associate in its Financial Lines team focusing on cyber, financial institutions, professional indemni...
Posted: Apr 30, 2024
As per a new report from Corvus Insurance, Q1 2024 has set a record for the most global ransomware attacks in a first quarter. According to the data in Corvus’ Q1 2024 Ransomware Report, 1,075 leak site ransomware victims were posted on leak...
Posted: Apr 30, 2024
Climate risk solutions provider Arbol has closed a $60 million Series B funding round, co-led by Giant Ventures and Opera Tech Ventures with participation from Mubadala Capital. Following a year marked by “unprecedented” climate events...
Posted: Apr 30, 2024
After an excellent outcome for Everest at the January and April 2024 reinsurance renewals, the Bermuda-based firm is expecting “terrific” risk-adjusted economics at the mid-year renewals and a continuation of market discipline, accordi...
Posted: Apr 30, 2024
Tokio Marine HCC International (TMHCCI), a subsidiary of the Tokio Marine HCC group of companies, has created a Global Media division dedicated to underwriting risks operating in the Media, Film, Television, and Events sectors. Ros Breese has been...
Posted: Apr 30, 2024
New York and Cayman-based Northern Reinsurance has hired former Everest employee Vincent Pomo as Chief Underwriting Officer (CUO), effective April 29, 2024. An experienced veteran across the sector, Pomo brings over 15 years of experience towards...
Posted: Apr 30, 2024
AEGIS London has partnered with the award-winning InsurTech Kayna to optimise its online quote and bind platform, Opal Underwriting. AEGIS London currently writes in excess of $120m of premium through its OPAL Underwriting platform per year, much...
Posted: Apr 30, 2024
As per the QualRisk Cyber Insurance Center (QCC) 2024 Global Market Report (GMR), the international cyber insurance market is expected to double by 2030. Daniel Kasper, CEO of QCC, noted that while the US has been the major driver of cyber insuran...
Posted: Apr 30, 2024
Consilium, the global speciality re/insurance broking arm of the Aventum Group, has appointed Lucy Moore as the Head of Technical and Operations within its Delegated Risk Solutions division. In her new position, Moore’s remit will include mainly s...
Posted: Apr 30, 2024
As Clearwater Analytics works towards revolutionising the world of investing, we spoke with Senior Product Manager for EMEA Prudential Regulations, Wenzhe Sheng, about regulatory and technology trends in the insurance industry amid a volatile inve...
Posted: Apr 30, 2024
In its Q1 2024 results, Aspen Insurance Holdings has revealed an operating income of $103 million, driven by an 86.3% adjusted combined ratio, down marginally from last year’s $108 million and adjusted combined ratio of 82.7%. Gross written...
Posted: Apr 30, 2024
Heritage Insurance Holdings has announced the completion of the full placement of its 2024-2025 catastrophe excess-of-loss reinsurance program for its insurance subsidiaries: Heritage Property Casualty Insurance Company, Narragansett Bay Insurance...
Posted: Apr 30, 2024
Louise Marling has been named as the successor to Gina Butterworth and will take over as reinsurance broker Gallagher Re’s UK Chief Operating Officer (COO), subject to regulatory approvals. It was announced yesterday that Butterworth has bee...
Posted: Apr 30, 2024
Bermuda-based insurer and reinsurer, Everest Group, Ltd., has reported a Q1 2024 combined ratio of 88.8%, as pre-tax underwriting income reached a record $409 million for the firm, up on the $273 million seen in the prior year period. The re/insur...
Posted: Apr 30, 2024
Lloyd’s global insurer and reinsurer MS Amlin has hired Catherine Healy from HDI Global Specialty as Head of Property & Crisis Management Claims. In her new role, Healy assumes responsibility for the management and oversight of claims fo...
Posted: Apr 30, 2024